RJ Sigurdson, Minister of Agriculture and Irrigation
AgriStability is an individual, whole-farm, margin-based program that helps producers who experience margin declines greater than 30 per cent due to production loss, adverse market conditions and increased costs. In 2023, AgriStability also increased compensation for margin declines exceeding 30 per cent, offering 80 cents per dollar of decline, up from the previous rate of 70 cents.
Producers rely on business risk management programs to offset the financial impact of many challenges. AgriStability provides income stabilization protection to help producers manage large margin declines that threaten their farm’s viability.
“Farmers can often face uncertainty, and programs like AgriStability help them to protect their operations. To make things a little bit easier, we’ve made changes to the AgriStability program that will reduce paperwork, so our farmers can get the support they need, faster, and continue producing top-quality products.”
Lawrence MacAulay, federal Minister of Agriculture and Agri-Food
Risk management is critical in farming and each producer needs to examine their situation and the tools available before making decisions. AFSC has a robust suite of lending, business risk management and insurance options that producers can access.
“Through our risk management programs, AFSC plays an important role in sustaining the agriculture industry. By making enrolment and participation in the AgriStability program easier it allows us to support Alberta producers more effectively.”